Strategic Agility and Organizational Performance Among FinTech Companies in Asaba, Delta State, Nigeria

Authors

DOI:

https://doi.org/10.57159/jcmm.5.4.26630

Keywords:

Strategic Agility, Strategic Sensitivity, Leadership Unity, Resource Fluidity, Organizational Performance, FinTech

Abstract

The increasing volatility of contemporary business environments has heightened the importance of strategic agility as a capability that enables organizations to respond effectively to rapid market and technological changes. Despite growing scholarly interest, empirical evidence on the relationship between strategic agility and organizational performance remains limited in Nigeria's FinTech sector. This study examined the association between strategic agility and organizational performance among FinTech companies in Asaba, Delta State. Specifically, it investigated the relationships between strategic sensitivity, leadership unity, resource fluidity, and organizational performance. A cross-sectional survey design was adopted, and data were collected from employees of selected FinTech firms using a structured questionnaire. The instrument was validated through expert review, while internal consistency was established using Cronbach's alpha coefficients. Descriptive statistics were used to summarize the data, and Spearman's rank-order correlation coefficient was employed to test the hypotheses at the 0.05 significance level. The findings revealed significant positive associations between strategic sensitivity, leadership unity, resource fluidity, and organizational performance. The study concludes that higher levels of strategic agility are associated with improved organizational performance among the participating firms. It contributes empirical evidence from an under-researched African FinTech context and recommends that managers strengthen environmental scanning, leadership collaboration, and resource flexibility to enhance organizational adaptability and competitiveness.

References

[1] D. J. Teece, G. Pisano, and A. Shuen, "Dynamic capabilities and strategic management," Strategic Management Journal, vol. 18, no. 7, pp. 509-533, 1997.

[2] Y. L. Doz and M. Kosonen, "Embedding strategic agility: A leadership agenda for accelerating business model renewal," Long Range Planning, vol. 43, no. 2-3, pp. 370-382, 2010.

[3] D. J. Teece, M. Peteraf, and S. Leih, "Dynamic capabilities and organizational agility: Risk, uncertainty, and strategy in the innovation economy," California Management Review, vol. 58, no. 4, pp. 13-35, 2016.

[4] T. Clauss, M. Abebe, C. Tangpong, and M. Hock, "Strategic agility, business model innovation, and firm performance: An empirical investigation," IEEE Transactions on Engineering Management, vol. 68, no. 3, pp. 767-784, 2021.

[5] Y. Weber and S. Y. Tarba, "Strategic agility: A state of the art," California Management Review, vol. 56, no. 3, pp. 5-12, 2014.

[6] P. Gomber, R. J. Kauffman, C. Parker, and B. W. Weber, "On the FinTech revolution: Interpreting the forces of innovation, disruption, and transformation in financial services," Journal of Management Information Systems, vol. 35, no. 1, pp. 220-265, 2018.

[7] I. Lee and Y. J. Shin, "FinTech: Ecosystem, business models, investment decisions, and challenges," Business Horizons, vol. 61, no. 1, pp. 35-46, 2018.

[8] Central Bank of Nigeria, "Annual report 2023," tech. rep., Central Bank of Nigeria, Abuja, Nigeria, 2023.

[9] World Bank, World Development Report 2022: Finance for an Equitable Recovery. Washington, DC: World Bank, 2022.

[10] P. J. Richard, T. M. Devinney, G. S. Yip, and G. Johnson, "Measuring organizational performance: Towards methodological best practice," Journal of Management, vol. 35, no. 3, pp. 718-804, 2009.

[11] N. Venkatraman and V. Ramanujam, "Measurement of business performance in strategy research: A comparison of approaches," Academy of Management Review, vol. 11, no. 4, pp. 801-814, 1986.

[12] J. Barney, "Firm resources and sustained competitive advantage," Journal of Management, vol. 17, no. 1, pp. 99-120, 1991.

[13] M. F. Ahammad, K. W. Glaister, and E. Gomes, "Strategic agility and human resource management," Human Resource Management Review, vol. 30, no. 1, p. Art. no. 100700, 2020.

[14] O. W. Idenedo, Z. O. Efefairoro, E. U. Elozino, and O. W. Nworji, "Strategic agility and customer satisfaction among FinTech firms in Asaba, Delta State, Nigeria," Journal of Accounting and Marketing Research, vol. 10, no. 2, pp. 72-86, 2025.

[15] R. S. Kaplan and D. P. Norton, The Balanced Scorecard: Translating Strategy into Action. Boston, MA: Harvard Business School Press, 1996.

[16] D. J. Teece, "Business models and dynamic capabilities," Long Range Planning, vol. 51, no. 1, pp. 40-49, 2018.

[17] F. N. Nguya and G. M. Kinyua, "The predictive role of transformational capability on service delivery of registered water service providers in Nairobi City County, Kenya," International Journal of Education and Research, vol. 11, no. 10, pp. 85-98, 2023.

[18] A. Sahid, Y. Maleh, S. A. Asemanjerdi, and P. A. Martín-Cervantes, "A bibliometric analysis of the FinTech agility literature: Evolution and review," International Journal of Financial Studies, vol. 11, no. 4, p. Art. no. 123, 2023.

[19] K. M. Eisenhardt and J. A. Martin, "Dynamic capabilities: What are they?," Strategic Management Journal, vol. 21, no. 10-11, pp. 1105-1121, 2000.

[20] C. E. Asiagwu and O. W. Idenedo, "Service positioning strategies and competitive advantage of hotels in Asaba, Delta State," College of Management and Social Science Journal, Joseph Sarwuan Tarka University, Makurdi, vol. 14, no. 4, pp. 97-109, 2024.

[21] O. W. Idenedo, A. Ebenuwa, and S. Ehimen, "Value co-creation adoption and customer loyalty of apparel designers in Nigeria: The moderating role of social media network," Indian International Journal of Research in Accounting, Marketing and Management, vol. 8, no. 1, pp. 117-129, 2023.

[22] O. W. Idenedo and A. Ebenuwa, "Internal marketing practices and customer loyalty of healthcare firms in South-South, Nigeria: The moderating role of industry policy," International Academic Journal of Management and Marketing, vol. 7, no. 2, pp. 1-28, 2022.

[23] O. W. Idenedo and K. Wali, "Internal marketing practices and customer loyalty of healthcare firms in South-South, Nigeria," International Academic Journal of Management and Marketing, vol. 7, no. 2, pp. 29-49, 2022.

[24] S. R. Igwe, O. W. Idenedo, and A. Ebenuwa, "Customer involvement practice and the competitive advantage of apparel designers in Port Harcourt," Journal of Contemporary Marketing, vol. 5, no. 1, pp. 11-25, 2020.

[25] J. U. D. Didia and O. W. Idenedo, "Customer orientation and loyalty behaviour among users of global mobile telecommunication services," International Journal of Marketing and Management, vol. 7, no. 3, pp. 38-48, 2017.

[26] J. B. Barney, D. J. Ketchen, Jr., and M. Wright, "Resource-based theory and the value creation framework," Journal of Management, vol. 47, no. 7, pp. 1936-1955, 2021.

[27] T. Yamane, Statistics: An Introductory Analysis. New York, NY: Harper and Row, 2nd ed., 1967.

[28] Y. L. Doz and M. Kosonen, Fast Strategy: How Strategic Agility Will Help You Stay Ahead of the Game. Harlow, UK: Wharton School Publishing, 2008.

[29] J. C. Nunnally and I. H. Bernstein, Psychometric Theory. New York, NY: McGraw-Hill, 3rd ed., 1994.

[30] J. D. Evans, Straightforward Statistics for the Behavioral Sciences. Pacific Grove, CA: Brooks/Cole Publishing Company, 1996.

JCMM Volume 5 Issue 4 cover, Article Number 26630: Strategic Agility and Organizational Performance Among FinTech Companies in Asaba, Delta State, Nigeria

Downloads

Published

2026-08-31

How to Cite

IdenedoDe, O., Ndudi , E. F., & Ebo, R. A. (2026). Strategic Agility and Organizational Performance Among FinTech Companies in Asaba, Delta State, Nigeria. Journal of Computers, Mechanical and Management, 5(4), 1–15. https://doi.org/10.57159/jcmm.5.4.26630

Issue

Section

Original Research Articles

Categories